Excerpt from Traders Magazine:
…. “Nicholas Colas, Co-founder of DataTrek Research, noted in a piece recently that over the last 3 years US investors have shifted capital in 2 ways. He says that – First, they are moving capital out of US stocks and into fixed income at an accelerating rate. Second, they are up-risking their remaining equity exposure to keep portfolio expected returns somewhat constant. And the result is growth stocks get an ever-larger premium, value languishes, and rates remain low from a persistent bid driven by asset reallocation”….
Read the full article here in Traders Magazine!